Wikipedia:WikiProject Trains/ICC valuations/Utica, Chenango and Susquehanna Valley Railway
Interstate Commerce Commission, Valuation Reports, Volume 39
Utica, Chenango and Susquehanna Valley Railroad
[edit]Location and General Description of Property
[edit]The railroad of the Utica, Chenango and Susquehanna Valley Railway Company, hereinafter called the Utica, Chenango and Susquehanna Valley, is a single-track line located within the State of New York and extending from Greene to Utica, a distance of 75.875 miles, with a branch line from Richfield Junction to Richfield Springs, aggregating 97.662 miles of road.
Introductory
[edit]The Utica, Chenango and Susquehanna Valley is a corporation of the State of New York, having its principal office at New York, N. Y. The accounting records of this company do not include the results of its corporate operations. The records examined do not indicate that the company is controlled by any individual or corporation, nor, on the other hand, that it controls any common-carrier corporation. The property of the Utica, Chenango and Susquehanna Valley was operated by its own organization from August, 1868, to May 1, 1870. On the latter date, it was leased to the Lackawanna and it was operated by that company from May 1, 1870, to December 31, 1917. From that date to date of valuation it has been operated by the United States Railroad Administration, as a part of the operating unit of the Lackawanna.
Corporate History
[edit]The Utica, Chenango and Susquehanna Valley was incorporated January 11, 1866, under the general laws of the State of New York for the purpose of constructing and operating a railroad from Utica to Colliersville, N. Y., and from Cassville to Sherburne, N. Y., about 82 miles.
Development of Fixed Physical Property
[edit]The owned mileage of the Utica, Chenango and Susquehanna Valley, 97.662 miles, extending from Greene to Utica, N. Y., with a branch line extending from Richfield Junction to Richfield Springs, N. Y., was acquired by construction as indicated below.
| Mileage | |
|---|---|
| Utica to Waterville, June, 1866, to August, 1868 | 21.5 |
| Waterville to Shelbourne, Oct. 10, 1869 | 25 |
| Shelbourne to Norwich, Nov. 25, 1872 | 7.259 |
| Norwich to Greene, Dec. 19, 1870 | 22 |
| Richfield Junction to Richfield Springs, Nov. 25, 1872 | 21.903 |
| Mileage inventoried as of date of valuation | 97.662 |
The records reviewed indicate that the construction work was performed by the Utica, Chenango and Susquehanna Valley.
Leased Railway Property
[edit]The entire property of the Utica, Chenango and Susquehanna Valley is leased to the Lackawanna in perpetuity from May 1, 1870. The terms of the lease and the rental accruing for the year ending December 31, 1917, are given in the chapter on leased railway property of the report on the Lackawanna.